Credo Technology Group (NASDAQ:CRDO) Trading Down 1.9% – Time to Sell?

Credo Technology Group Holding Ltd. (NASDAQ:CRDO)’s share price was down 1.9% during mid-day trading on Friday . The company traded as low as $108.88 and last traded at $112.27. Approximately 7,381,784 shares traded hands during trading, an increase of 10% from the average daily volume of 6,687,551 shares. The stock had previously closed at $114.48.

Key Credo Technology Group News

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Zacks says Credo’s preliminary Q3 revenues topped prior guidance and analysts expect EPS to surge ~284% YoY, signaling strong demand into the quarter — this underpins near-term revenue/earnings momentum. Credo Technology to Report Q3 Earnings: How to Play the Stock?
• Positive Sentiment: Credo announced a partnership with TensorWave to deploy its ZeroFlap active electrical cables and optics into next‑gen AI clusters — a commercial win that supports adoption in high‑bandwidth AI infrastructure. Credo TensorWave AI Deal Highlights Growth Hopes And Valuation Tension
• Positive Sentiment: Seeking Alpha preview is bullish overall — ties Credo to the AI infrastructure supercycle, assigns a Buy and ~40% 12‑month upside while noting upside asymmetry for investors who time the Q3 read. Credo Q3 Preview: Asymmetry Is The Art Of Alpha
• Neutral Sentiment: Comparative pieces (Yahoo/Zacks) contrast Credo’s rapid AI‑driven revenue growth and aggressive market push with Texas Instruments’ scale — useful context for valuation and competitive positioning but not an immediate catalyst. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Another Zacks compare piece repeats the scale vs. growth framing, reinforcing investor debate over growth premium vs. incumbent stability. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Industry headlines (Marvell, Photronics, Zoom) shared in the feed provide broader semiconductor and data‑center context; they matter to sector sentiment but don’t directly change Credo’s near‑term fundamentals. How MRVL’s Celestial AI Acquisition Fills Its Critical Technology Gap?
• Negative Sentiment: Short‑interest data in the feed shows a large reported increase but the figures are internally inconsistent (zeros/NaN). If accurate, rising short interest could add downward pressure; the data’s unreliability itself is a market risk until clarified. Short Interest Report (data anomaly)

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays reiterated an “overweight” rating and set a $260.00 price objective on shares of Credo Technology Group in a report on Thursday, January 15th. KGI Securities raised Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price target on the stock in a research note on Tuesday, December 2nd. Wolfe Research set a $240.00 price objective on Credo Technology Group in a report on Tuesday, December 2nd. Mizuho upped their target price on Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.29.

Credo Technology Group Stock Down 1.9%

The firm has a 50 day moving average price of $133.78 and a 200 day moving average price of $143.44. The stock has a market capitalization of $20.28 billion, a PE ratio of 98.48 and a beta of 2.65.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.18. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The business had revenue of $268.03 million during the quarter, compared to the consensus estimate of $234.99 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. Credo Technology Group’s revenue was up 272.1% compared to the same quarter last year. On average, equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the transaction, the chief executive officer owned 1,892,502 shares of the company’s stock, valued at $289,855,606.32. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $174.70, for a total value of $9,608,500.00. Following the completion of the transaction, the chief technology officer owned 6,613,961 shares in the company, valued at $1,155,458,986.70. The trade was a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 917,976 shares of company stock valued at $136,567,647 over the last ninety days. Corporate insiders own 11.84% of the company’s stock.

Institutional Trading of Credo Technology Group

A number of hedge funds have recently bought and sold shares of CRDO. California Public Employees Retirement System boosted its holdings in Credo Technology Group by 17.2% during the 2nd quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock valued at $23,848,000 after acquiring an additional 37,772 shares during the period. Optimize Financial Inc purchased a new stake in shares of Credo Technology Group during the third quarter valued at approximately $1,431,000. Estate Counselors LLC bought a new position in shares of Credo Technology Group in the third quarter worth approximately $2,548,000. Global Trust Asset Management LLC purchased a new position in shares of Credo Technology Group in the third quarter worth $2,167,000. Finally, New York State Common Retirement Fund increased its stake in shares of Credo Technology Group by 106.5% in the third quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock worth $21,279,000 after buying an additional 75,369 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Credo Technology Group Company Profile

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.